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Bulgarian regulator grants crowdfunding licence to PropertyPeers

Jun 21, 2024, 10:34:39 AMArticle by Mihaela Miteva
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June 21 (SeeNews) - Bulgaria's Financial Supervision Commission (FSC) said it has granted a licence to local firm PropertyPeers to provide crowdfunding services.

Bulgarian regulator grants crowdfunding licence to PropertyPeers
Image source: Bulgarian Industrial Capital Association

PropertyPeers will be able to facilitate the provision of loans and place transferable securities, issued by project creators or special purpose vehicles, for crowdfunding purposes without a firm commitment, the FSC said in a notice on Thursday.

Additionally, the company can receive and transmit trading orders from clients for these securities.

PropertyPeers operates a digital platform that connects investors with real estate project initiators, commercial register data show.

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